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Matco Tools franchise financing options

Compare costs, fees and where to get financing for a Matco Tools.

Overall costs for Matco Tools run anywhere from $220,073,082 to $220,248,152. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Matco Tools franchise may result in higher or lower fees.

Franchise fees

Matco Tools franchise fees total around $7,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee $7,000 to $7,000
Estimated total $7,000 to $7,000

Equipment fees

Equipment fees total $5,300 for Matco Tools. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Computer hardware $2,700 to $3,400
Fixtures, supplies and licenses $500 to $4,000
Estimated total $3,200 to $7,400

Real estate fees

Real estate will set you back $220,072,580 for Matco Tools, which is more expensive than the average of $788,376 for the top 200 franchises.
Real estate Cost
Acquisition and establishment of time payment reserve accounts -or-time payment line of credit $22,000$4,700 to $22,000$9,325
Three months' lease payments for mobile store $5,385 to $125,750
Estimated total $220,010,085 to $220,135,075

Inventory costs

Initial inventory for Matco Tools shakes out to $69,000. This is more expensive than the nationwide average of $53,119.
Inventory Cost
Initial inventory $50,000 to $88,000
Estimated total $50,000 to $88,000

Insurance costs

Initial insurance costs for Matco Tools run $1,920. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Three months' insurance $427 to $3,412
Insurance $145 to $1,137
Estimated total $427 to $3,412

Administrative fees

Matco Tools administrative fees total up to $3,743 — which comes in under the overall nationwide average of $6,761.
Admin Cost
Three months' computer software and internet service $2,050 to $2,750
Travel, lodging and meal expenses $170 to $2,515
Estimated total $2,220 to $5,265

Other expenses

Miscellaneous expenses for Matco Tools total $1,075 — less than the nationwide average of $69,970.
Other Cost
Professional services $150 to $2,000
Estimated total $150 to $2,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Matco Tools is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Matco Tools franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Matco Tools about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $220,160,617 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Matco Tools — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Matco Tools opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Matco Tools franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $220,073,082. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
OnDeck small business loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000
$5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
LendingClub personal loans for business
$1,000
$40,000
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.
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How Matco Tools stacks up

Compare how Matco Tools holds up against two similarly sized franchises.
ServPro Matco Tools Stratus Building Solutions Master
Average Franchise fees $60,000 $7,000 NA
Average Equipment fees $18,500 $5,300 $3,175
Average Real estate fees $1,500 $220,072,580 $11,125
Average Training fees NA NA $4,500
Average Inventory fees $6,175 $69,000 $750
Average Marketing fees $875 NA NA
Average Licenses and permits fees $1,625 NA NA
Average Insurance fees NA $1,920 $2,250
Average Admin fees $2,988 $3,743 NA
Average Personnel fees NA NA NA
Average Other fees NA $1,075 $62,500

Bottom line

Matco Tools franchise costs run a total of $220,160,617. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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